After costs, if the gap returns to its 7d average, $10k−$56
spread now+0.186%7d average+0.072%fees + slippage, in and out−$67spread needed0.671%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PONSUSDT | 0.5923 | 0.0362 | pay 0.0181% / 4h | 3h 05m | $18.0M | $29.2M | 20x |
| Short | BloFin PONS-USDT | 0.5934 | 0.0616 | get 0.0308% / 4h | 3h 05m | $1.8M | $950K | 20x |
Bybit PONSUSDT
BloFin PONS-USDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $18.57
- Funding while held
- $7.61
- Slippage, 4 orders
- −$44.08
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$40.9
- Spread needed to break even
- 0.671%
Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0254%
- Per $10,000 a day
- +$7.61
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 5 min ago | 1.68 bp | 16.2 bp −$16 | 42.6 bp −$426 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 4.20 bp | 17.6 bp −$18 | 32.5 bp −$325 | 107.4 bp −$10.7K | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestBitget0.5918+3.133%OKX0.5918+3.137%
Injective
Bitget
OKXBybit0.5923+3.224%
BingX0.5926+3.276%KuCoin0.5927+3.290%Variational Omni0.5929+3.335%Polymarket Perps0.5930+3.339%gTrade (Gains Network)0.5930+3.345%MEXC0.5930+3.346%Hyperliquid0.5930+3.348%Popdex0.5931+3.364%Orderly0.5933+3.393%Nado0.5934+3.411%Gate0.5934+3.416%
BingX
KuCoin
Variational Omni
Polymarket Perps
gTrade (Gains Network)
MEXC
Hyperliquid
Popdex
Orderly
Nado
GateBloFin0.5934+3.416%
Aster0.5934+3.420%ApeX Omni0.5935+3.425%Extended0.5935+3.434%Binance0.5935+3.438%Pacifica0.5942+3.559%Lighter RH0.5945+3.608%Lighter0.5947+3.637%Phoenix0.5947+3.642%Phemex0.5948+3.660%Aevo0.5950+3.701%edgeX0.5951+3.713%SunX0.5955+3.777%SoDEX0.5956+3.799%HTX0.5969+4.028%
Aster
ApeX Omni
Extended
Binance
Pacifica
Lighter RH
Lighter
Phoenix
Phemex
Aevo
SunX
SoDEX
HTXPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −3.123% | +0.0033% | 1h | $590 | $11K | 5.5x | as long as short |
| Bitget PONSUSDT | −0.088% | +0.0220% | 4h | $4.6M | $11.1M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.084% | +0.0135% | 4h | $13.3M | $54.3M | 20x | as long as short |
| Bybit PONSUSDTlong | 0.000% | +0.0362% | 4h | $18.0M | $29.2M | 20x | |
| BingX PONS-USDT | +0.051% | +0.0386% | 4h | — | $3.2M | — | as long as short |
| KuCoin PONSUSDTM | +0.064% | +0.0210% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Variational Omni PONS | +0.107% | +0.0343% | 4h | $1.2M | $3.9M | — | as long as short |
| Polymarket Perps PONS-USD | +0.111% | +0.0491% | 1h | $51K | $1.8M | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.117% | L +0.0032% / S −0.0031% | 1h | $214K | — | 150x | as long as short |
| MEXC PONS_USDT | +0.118% | +0.0374% | 4h | $7.2M | $5.2M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid PONS | +0.120% | +0.0399% | 1h | $59.4M | $28.4M | 3x | as long as short |
| Popdex PONSUSDT | +0.135% | +0.0096% | 1h | $18K | $492K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.164% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Nado PONS-PERP | +0.181% | +0.0315% | 1h | $113K | $71K | 5x | as long as short |
| Gate PONS_USDT | +0.186% | −0.0018% | 4h | $5.3M | $7.7M | 20x | as long as short |
| BloFin PONS-USDTshort | +0.186% | +0.0616% | 4h | $1.8M | $950K | 20x | |
| Aster PONSUSDT | +0.190% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.194% | +0.0100% | 1h | $29K | $321K | 5x | as long as short |
| Extended PONS-USD | +0.203% | +0.0368% | 1h | $89K | $537K | 5x | as long as short |
| Binance PONSUSDT | +0.207% | +0.0369% | 4h | $38.6M | $96.8M | 20x | as long as short |
| Pacifica PONS | +0.325% | +0.0616% | 1h | $49K | $119K | 3x | as long as short |
| Lighter RH PONS | +0.371% | +0.0648% | 1h | $419K | $2.3M | 3x | as long as short |
| Lighter PONS | +0.400% | +0.1080% | 1h | $1.7M | $833K | 3x | as long as short |
| Phoenix PONS | +0.405% | +0.1528% | 1h | $24K | $61K | 3x | as long as short |
| Phemex PONSUSDT | +0.422% | +0.0166% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Aevo PONS-PERP | +0.462% | +0.0176% | 1h | $371 | — | 3x | as long as short |
| edgeX PONSUSDC | +0.473% | +0.0391% | 4h | $21K | $292K | 10x | as long as short |
| SunX PONS-USDT | +0.535% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.557% | +0.0100% | 1h | $26K | $503K | 3x | as long as short |
| HTX PONS-USDT | +0.778% | +0.0100% | 4h | $63K | $498K | 20x | as long as short |